Electrical Repair Service Business Loans
Get up to £6000 funding within 24-48 hours
Deliver reliable electrical repair services with quick funding. Upgrade tools, train your team, and grow your business with flexible funding solutions.
- Low Interest
- Low deduction
- Maximum time
- Multiple loan positions
Types of Electrical Repair Business Loans
Finding the right funding is key to meeting your business needs. Here are five loan options tailored for electrical repair services:
1. Merchant Cash Advance (MCA)
Get upfront funding based on your future card sales. Repay a percentage of daily transactions, making it ideal for seasonal or fluctuating revenue.
2. Equipment Financing
Spread the cost of essential tools and equipment, like diagnostic machines, power tools, and testing kits, with fixed monthly payments.
3. Business Lines of Credit
Access flexible funds whenever you need them, paying interest only on the amount you use. Great for emergencies or covering operational expenses.
4. Short-Term Loans
Quick funding to handle immediate needs like van repairs, additional staffing, or purchasing parts for urgent jobs.
5. Refurbishment Loans
Upgrade your workshop, renovate your customer-facing spaces, or improve your office setup to streamline operations.
Comparison Table: Types of Restaurant Loans
Loan Type | Funding Speed | Collateral Needed | Repayment Terms | Best For |
Merchant Cash Advance | 24–48 hours | No | % of daily card sales | Seasonal sales or fluctuating income |
Equipment Financing | 2–7 days | Yes | Fixed payments | Purchasing essential tools |
Business Lines of Credit | Same day–1 week | Sometimes | Pay as you use | Emergencies or operational gaps |
Short-Term Loans | 24–72 hours | Sometimes | Fixed payments | Immediate expenses |
Refurbishment Loans | 1–2 weeks | Yes | Fixed payments | Workshop or office improvements |
What is Merchant Cash Advance?
A Merchant Cash Advance (MCA) offers upfront funds to businesses in exchange for a percentage of future card sales. It’s a fast, flexible solution designed for businesses with fluctuating revenue, providing funding without the need for collateral or perfect credit.
How MCA Works?
A Merchant Cash Advance provides a lump sum upfront, which you repay through a small percentage of your daily card sales. Payments adjust automatically based on how much your business earns—when sales are high, you pay more, and during slower periods, you pay less. No fixed schedules or complex terms.
Benefits of Merchant Cash Advances
Flexible Repayments – Aligned with Your Sales
Repay a small percentage of your daily card sales automatically. No fixed monthly payments mean you pay more during busy periods and less when sales slow down, ensuring stable cash flow.
Compatible with Your Card Machine
No need for additional equipment or setup. MCA integrates with your existing PDQ card machine, making repayment effortless and convenient through your card sales.
Get Funded in Just 24 Hours
Access funding quickly with streamlined approvals. Once approved, your funds—ranging from £3,000 to £300,000—can be in your account within 24 hours, so you can act fast on business opportunities.
Unsecured and Stress-Free
MCAs are unsecured, so your business assets remain safe. Approval is based on your sales history, not your credit score or collateral, making it a stress-free option for funding.
Keep 100% of Cash Transactions
Only card sales are used for repayment. Your cash earnings remain untouched, allowing you to manage cash flow effectively and without added strain.
No Hidden Fees
All costs are clearly outlined upfront. You’ll know exactly what you’re paying, with no hidden charges, confusing APRs, or surprises.
Apply Anytime
Submit your application online 24/7. With a quick and straightforward process, you can apply at your convenience and get a decision in hours.
How to Apply for Electrical Repair Business Loans
Funding to Grow Your Electrical Repair Service
The UK electrical repair industry is essential, helping homes and businesses stay powered and safe. With more people using energy-efficient appliances and smart home tech, the demand for reliable electrical repairs is growing fast. Over 80% of UK households use professional repair services each year, making this a booming £4 billion market.
To keep up, electrical repair businesses need to invest regularly. Upgrading tools like advanced diagnostic equipment can speed up repairs and boost customer satisfaction. Expanding your service area or switching to electric vehicles can attract eco-conscious customers, while marketing campaigns can help you stand out in a competitive market.
A Merchant Cash Advance offers the flexible funding you need to grow. You can get quick approvals, and repayments are based on your daily card sales—so you pay more when business is busy and less when it’s quiet. This means you can upgrade your tools, expand your team, or run targeted promotions without worrying about fixed monthly payments.
By staying on top of trends and investing in your business, you’ll be ready to meet customer needs and keep your electrical repair service thriving.
FAQs About Electrical Repair Business Loans
You can borrow up to 150% of your average monthly card sales, giving you flexible funding based on your income.
Repayments are automatically deducted as a percentage of daily card sales, so payments adjust to your business's cash flow.
Once approved, you can receive funding within 24–48 hours, perfect for urgent business needs.
Yes, MCAs are based on your card sales, not your credit score, making them a suitable option even with less-than-perfect credit.
All costs are transparent and explained upfront. There are no hidden fees or confusing terms.
You can use the funds for any business need, such as purchasing tools, expanding your service area, or marketing campaigns.
No, Merchant Cash Advances are unsecured, so you don’t need to put up assets as collateral.
Yes, you can hire new staff or train existing employees to meet growing demand.
Yes, you must have been trading for at least 3 months and process regular card payments to be eligible.
Get a Merchant Cash Advance quote today
- Low Interest
- Low deduction
- Maximum time
